This post is an excerpt from our 2024 Geography of Cryptocurrency Report. Download your copy now!

Latin America is the fifth largest region we study, representing 9.1% of cryptocurrency value received between July 2023 and June 2024. During this time period, the region received nearly $415 billion in cryptocurrency, placing it slightly above Eastern Asia.

Centralized exchanges (CEXs) are the most popular service used by Latin Americans, at 68.7% — slightly behind CEX use in North America. Regional transaction value in Latin America is primarily driven by institutional and professional investors (i.e. entities transacting more than $10,000).

Latin America is the second fastest growing region we study this year, with a…